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In December, donors also promised some 2.4 billion euros to fund the G5 Sahel's economic 'Priority Investment Programme' (PIP).
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DOI: 10.1108/OXAN-DB242098
ISSN: 2633-304X
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In this paper, I demonstrate an alternative explanation to the development of the American electricity industry. I propose a social embeddedness approach (Granovetter, 1985, 1992…
Abstract
In this paper, I demonstrate an alternative explanation to the development of the American electricity industry. I propose a social embeddedness approach (Granovetter, 1985, 1992) to interpret why the American electricity industry appears the way it does today, and start by addressing the following questions: Why is the generating dynamo located in well‐connected central stations rather than in isolated stations? Why does not every manufacturing firm, hospital, school, or even household operate its own generating equipment? Why do we use incandescent lamps rather than arc lamps or gas lamps for lighting? At the end of the nineteenth century, the first era of the electricity industry, all these technical as well as organizational forms were indeed possible alternatives. The centralized systems we see today comprise integrated, urban, central station firms which produce and sell electricity to users within a monopolized territory. Yet there were visions of a more decentralized electricity industry. For instance, a geographically decentralized system might have dispersed small systems based around an isolated or neighborhood generating dynamo; or a functionally decentralized system which included firms solely generating and transmitting the power, and selling the power to locally‐owned distribution firms (McGuire, Granovetter, and Schwartz, forthcoming). Similarly, the incandescent lamp was not the only illuminating device available at that time. The arc lamp was more suitable for large‐space lighting than incandescent lamps; and the second‐generation gas lamp ‐ Welsbach mantle lamp ‐ was much cheaper than the incandescent electric light and nearly as good in quality (Passer, 1953:196–197).
The purpose of this paper is to examine the daily and overnight volatility spillover effects in common stock prices between China and G5 countries and explain their implications…
Abstract
Purpose
The purpose of this paper is to examine the daily and overnight volatility spillover effects in common stock prices between China and G5 countries and explain their implications on the basis of empirical results.
Design/methodology/approach
The analysis utilizes the exponential generalized autoregressive conditional heteroskedasticity (EGARCH) model, the cross‐correlation function approach, and realized volatility for daily and intraday stock price data that cover the period from January 5, 2004 to December 31, 2007.
Findings
Principally, the paper concludes the following: strong evidence of short‐run one‐way volatility spillover effects from China to the US, UK, German and French stock markets is observed and the test results indicate that Chinese investors were not rational and China's stock market entered a speculative bubble period after the second half of 2006.
Originality/value
Contrary to widespread belief, the empirical results suggest that a small (China) stock market has significant influence on a large (G5) stock market but not vice versa. This paradox is interpreted as a particular phenomenon existing together with the rapid economic development and severe capital regulation in China.
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In mid-2013, the Lee family, which owned the Hong Kong based food and health product giant Lee Kum Kee (LKK), struggled with how best to increase involvement of the fifth…
Abstract
In mid-2013, the Lee family, which owned the Hong Kong based food and health product giant Lee Kum Kee (LKK), struggled with how best to increase involvement of the fifth generation (G5), the children of the company's current fourth-generation (G4) senior executives and governance leaders. Only two of the fourteen G5 members had joined the company, and few had expressed interest in further involvement, including in the multiple learning and development programs the business offered, such as a mentoring program. Many of the G5 cousins had expressed little interest in business careers in general, and none of them currently was serving as an LKK intern. G4 members observed that their children were busy with family obligations, hobbies, and emerging careers outside the business. G5's lack of interest in business and governance roles was part of a growing pattern of low family engagement in general, exhibited by the cancellation of recent family retreats (once an annual tradition) because of apathy and some underlying conflict. A history of splits among past generations of the Lee family regarding business leadership made the engagement issue even more meaningful and critical.
Students will consider the challenge from the point of view of G4 family members David Lee, chairman of the family's Family Office, and his sister, Elizabeth Mok, who ran the Family Learning and Development Center. They and their three siblings saw engaging the next generation as a top priority, one related to key concepts including family-business continuity, generational engagement and empowerment, succession, emotional ownership, and intrinsic/extrinsic motivation.
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Rutger Kappe, Domien Wijsbroek, Marjon Molenkamp, Olof Wiegert, Gerwin Hendriks, Zuke van Ingen and Jaap van Zandwijk
This chapter describes the emergence and functioning of an interinstitutional research group. The topic of this research group, which was started by five large universities of…
Abstract
This chapter describes the emergence and functioning of an interinstitutional research group. The topic of this research group, which was started by five large universities of applied sciences (UAS) in the western metropolitan area of the Netherlands, is the study success of ethnic minority groups. With only minor funding by the Dutch Ministry of Education, Culture and Science a dedicated research team, representing each of the UAS involved, set out to address several unresolved research questions and issues. The Dutch Ministry of Education, Culture did also provided access to an essential national research data which is normally not accessible for individual institutions. Besides working together on study success research, regular consultation started at the corporate/board level and at the strategic level (directors of education policies) on various study success-related topics, such as new legislation and diversity issues. What differentiates this cooperation from other networks is its multilayered structure and the sharing of detailed data about sensitive strategic issues, policymaking and institutional research by competing UAS. This chapter provides insights on effective working methods, dilemmas and first year achievements of this intensive interinstitutional collaboration. The chapter concludes with ten factors for success in the context described.
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More than 486,000 have been displaced in the country amid escalating violence. The G5 Sahel alliance -- an ad hoc regional cooperation body comprising Burkina Faso, Chad, Mali…
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DOI: 10.1108/OXAN-DB247385
ISSN: 2633-304X
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Geographic
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France's Sahel policy.
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DOI: 10.1108/OXAN-DB237961
ISSN: 2633-304X
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MALI: G5 Sahel withdrawal will hamper anti-terrorism
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DOI: 10.1108/OXAN-ES270233
ISSN: 2633-304X
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FRANCE/SAHEL: Macron will focus on G5 Sahel force
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DOI: 10.1108/OXAN-ES227483
ISSN: 2633-304X
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Geographic
Topical
However, the force can only be part of the answer to the complex security issues in northern Mali.